Bank of Ireland appoints Francesca McDonagh as new chief executive

Bank of Ireland has appointed Francesca McDonagh as its new group chief executive. She will take up the role in October and succeed Richie Boucher who steps down later this year.

A graduate of Oxford University, Ms McDonagh (42) joins Bank of Ireland from HSBC where she is head of retail banking and wealth management for the UK and Europe. She will be the Irish lender’s first woman chief executive.

In her role with HSBC, Ms McDonagh was responsible for all aspects of retail customer service, channels, products and segments of its three brands.